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Wednesday, April 3, 2013

Tealium Gets $15.6M In Third Funding Round

San Diego-based Tealium, the developer of tag management software headed by Ali Behnam, has raised $15.6M in a new, Series C funding, the company said this morning. According to Tealium, the new funding comes from Tenaya Capital, Battery Ventures and Presidio Ventures. Tealium is a developer of software used for "tag management" on company web and e-commerce sites, and counts such clients as Petco, Lenovo, A+E, Mattel, Fox Networks, NOkia, Urban Outfitters, and Sony Online Entertainment as customers.

As part of the funding round, the firm said it saw a 185 percent increase in its sales bookings in the quarter, compared with last year, which resulted in a 245 percent increase in its non-GAAP revenue. The firm did not disclose actual financial details of that increase, however. The new funding brings the company's total raised to $27M.